Determinants of Motivating Muslims to Become Entrepreneurs in Malaysia

Masruki, Rosnia; Zakaria, Nurazalia; Dali, Nuradli Ridzwan Shah Mohd

doi:10.12816/0002826

Cited by 5 publications

(5 citation statements)

References 7 publications

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“…Meanwhile, according to Mubarak et al (2014), the motivation of a Muslim entrepreneur is the belief of God's greatness that good fortune comes from God and keeps relationship with God. Another study was conducted by Masruki et al (2012) that the motivation of Muslim entrepreneurs is passion and interest, money consideration and improving living conditions, independence and freedom.…”

Section: Sharia Venture Capitalmentioning

confidence: 99%

Shariaventure capital as financing alternative of Muslim entrepreneurs

Fathonih

Anggadwita

Ibraimi

2019

JEC

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Purpose Muslim entrepreneurs face various obstacles when starting their business, especially in gaining access to financing. Some financing practices have some Sharia violations, so this paper tries to explore the opportunities and challenges of one financing alternative for Muslim entrepreneurship development in Indonesia that fully complies with Sharia principles. This paper aims to further understand the concept of venture capital and how it relates to Islamic teachings, and the paper ends with the suggestion for future research direction. Design/methodology/approach This study uses qualitative methods with descriptive and exploratory analysis. A case study approach using semi-structured in-depth interviews with several key informants were conducted to identify the opportunities and challenges for Muslim entrepreneurs in gaining access to Islamic financing. Various literary syntheses are also provided to better understand alternative financing for business development of Muslim entrepreneurs. Findings Muslim entrepreneurship, depending on their goals and needs in obtaining financing, uses different models in the process of agreements with capital-funding institutions based on Sharia principles. Sharia venture capital is one alternative financing that gives freedom for Muslim entrepreneurs to develop their business based on the Islamic system, without thinking about the requirements that must be met in obtaining access to the financing. However, it seems that this scheme still has relatively low interest, especially from Muslim entrepreneurs because they do not know the information and procedures of Sharia venture capital. Practical implications Some policy implications include increasing capital from Sharia venture capital institutions, the role of the government in providing adequate policy support and incentives and broader socialization and education about the existence and importance of developing Sharia venture capital. Practical implications include useful information for Muslim entrepreneurs to address financing issues in their entrepreneurial activities and suggest insights for future research. Originality/value This study provides the link of financial access for Muslim entrepreneurs to Sharia venture capital as a new financing business innovation. Thus, it contributes to the literature on Sharia venture capital and Muslim entrepreneurship. The authors also propose some useful recommendations for further research in this field.

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Section: Sharia Venture Capitalmentioning

confidence: 99%

Shariaventure capital as financing alternative of Muslim entrepreneurs

Fathonih

Anggadwita

Ibraimi

2019

JEC

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“…Besides, intention shapes the thoughts, feelings and actions of an individual in making the choice to become an entrepreneur [18]. The individual factors of choosing entrepreneurs as a profession have been extensively [6,8,11,16,19]. This is because, individual characteristics influence their decision to become entrepreneurs [6].…”

Section: Literature Review a Entrepreneurial Tendency Factorsmentioning

confidence: 99%

“…The individual factors of choosing entrepreneurs as a profession have been extensively [6,8,11,16,19]. This is because, individual characteristics influence their decision to become entrepreneurs [6]. The literature also shows various demographic factors b eing the focus of researchers in seeking certainty about the factors that can predict individuals choosing entrepreneurs as a profession.…”

Section: Literature Review a Entrepreneurial Tendency Factorsmentioning

confidence: 99%

“…The literature also shows various demographic factors b eing the focus of researchers in seeking certainty about the factors that can predict individuals choosing entrepreneurs as a profession. This includes gender [19], ethnicity [10], family [11], religious believes [6] and many more. Based on the criticisms given t o trends that study demographic factors as a factor in entrepreneurial tendencies, this study is based on the framework of the Theory of Planned Behavior that examines individual attitudes as determinants of entrepreneurial tendencies.…”

Section: Literature Review a Entrepreneurial Tendency Factorsmentioning

confidence: 99%

“…Therefore, increasing the number of higher education graduates who become entrepreneur if a national agenda that is receiving the government's main att ention based on the large amount of allocation channeled for this goal. In addition to benefiting the Malaysian economy, entrepreneurship allows individuals to achieve self-satisfaction in achieving personal goals [6] including financial goals. This has been proven in a comparative study which found that graduates who became entrepreneurs earned a higher monthly income compared to graduates who became employees in fields that were not same as their specialists' qualifications [7].…”

Section: Introductionmentioning

confidence: 99%

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Entrepreneurial Intention among University Students Majoring in Non-Business Studies

Zakuan¹,

Buang²

2022

JEFMS

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This study is aimed at determining the relationship between subjective norms, attitude, perceived of behavioral control and entrepreneurship tendencies towards students majoring in non-business studies. Data of the study was collected through questionnaires from 318 students at National University of Malaysia (UKM). Based on regression analysis, study found that attitude towards entrepreneurship has the strongest effect on entrepreneurship tendency among students majoring in non-business. The finding of this study provides information to higher institutions on improving strategies to increase entrepreneurial intention among students majoring in non-business.

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Parental attitudes and entrepreneurial success

Staniewski¹,

Awruk²

2021

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Determinants of Motivating Muslims to Become Entrepreneurs in Malaysia

Cited by 5 publications

References 7 publications

Shariaventure capital as financing alternative of Muslim entrepreneurs

Shariaventure capital as financing alternative of Muslim entrepreneurs

Entrepreneurial Intention among University Students Majoring in Non-Business Studies

Parental attitudes and entrepreneurial success

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